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  • #127,161
  • Jul 30, 2009 7:51pm Jul 30, 2009 7:51pm
Quoting easy-forex
60%....
This may help.

Consider remaining 40% as 100%. Forget about the red portion. Re-start with this capital with proper money mangement, like Gator and Trading say.

I lost my 40% in initial months, but slowly and gradually recovered all of it, did I mention slowly and gradually?
The Thief of Wall Street
  • #127,162
  • Jul 30, 2009 7:54pm Jul 30, 2009 7:54pm
Quoting Karma Pips
I presume this is directed at my comment?
yes... not really saying your wrong. im saying dont kid yourself..we are puppets and strings are being pulled.. back up take a deep breath.. see things through a childs eyes.. does it all make sence? banks borrow at 1/4 or 0 % interest. and yet some dont make a profit. we still got 4 yrs of mom and pop sour business loan balloons. with sales down do you think a bank will re up the loan? will everyone with a 200k loan on a house continue to pay when they can buy the one next door for 100k? we have yet to scratch the surface.. and the worse it gets in u.s. you can multiply it in europe. thats the one advantage u.s. has. we make nothing anymore. we just fix stuff in a service economy. since we make nothing we sell less exports. since we dont have a job we import less.. and the ones with a job will be more tight with money. and buy more cheaper korean cars. add in savings rates gone up and less credit and a sprinkle of salt and you have a stew.

all the good news your hearing about have paying sponcers. there called commercials. those guys pay the bills of the people reporting the blue sky crap. first rule if there selling there lying.. listen to the guy not selling..
those who can, do. those who cant, talk about those who can
  • #127,163
  • Jul 30, 2009 7:56pm Jul 30, 2009 7:56pm
Quoting easy-forex
60%....
It takes balz to admit that kind of loss. (If it is a loss, after all.) I have experienced the same thing quite recently and I believe myself to be sane. What I have been working on learning to prevent the recurrence includes:

1) Use a stop loss scaled to position size such that risk is an acceptable % of account value. Different people use different risks. I try to max out at 2-2.5% per position, 0.5-1.0% per trade. Put on the stop loss & don't tweak it or take it off.

2) Work on trade entries so that stop losses don't need to be over-large. Using pivots and s/r levels has been very helpful in this regard.

3) Divide trade across multiple entries so I can scale out of it, or take profit in phases, as the case may be.

4) Bite the bullet and close losing trades early. Losses are part of thje game.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #127,164
  • Jul 30, 2009 8:08pm Jul 30, 2009 8:08pm
ummm, yeah... pretty nasty short squeeze.
"If it was good enough for Gann, it's good enough for me..."
  • #127,165
  • Jul 30, 2009 8:43pm Jul 30, 2009 8:43pm
Quoting easy-forex
60%....
Pwnt you need to raise some capital. I wouldn't be trading with that kind of drawdown ever.
"Diversification is an excuse for a lack of talent" ~FXC
  • #127,166
  • Jul 30, 2009 9:01pm Jul 30, 2009 9:01pm
Forex and Dow Jones recommended levels


July 31, 2009
GMT 02:56
EUR/USD
Today"s support: - 1.4080, 1.4042, 1.4000 and 1.3972(main), where correction is possible. Break would give 1.3941, where correction also may be. Then follows 1.3924. Break of the latter would result in 1.3896. If a strong impulse, we would see 1.3865. Continuation will give 1.3818.
  • #127,167
  • Jul 30, 2009 9:05pm Jul 30, 2009 9:05pm
Quoting ThePipsMaker
Forex and Dow Jones recommended levels


July 31, 2009
GMT 02:56
EUR/USD
Today"s support: - 1.4080, 1.4042, 1.4000 and 1.3972(main), where correction is possible. Break would give 1.3941, where correction also may be. Then follows 1.3924. Break of the latter would result in 1.3896. If a strong impulse, we would see 1.3865. Continuation will give 1.3818.
just thought i would add this in as well:

Today"s resistance: - 1.4152(main). Break would give 1.4176, where a correction is possible. Then goes 1.4196. Break of the latter would result in 1.4203. If a strong impulse, we"d see 1.4241. Continuation will give 1.4287 and 1.4316.

  • #127,168
  • Jul 30, 2009 9:08pm Jul 30, 2009 9:08pm
Quoting gatorinla
yes... not really saying your wrong.im saying dont kid yourself... we still got 4 yrs of mom and pop sour business loan balloons...
Don't forget about the option arms and Alt A loans either...

Heavy weather ahead....
FUBAR...
  • #127,169
  • Jul 30, 2009 9:16pm Jul 30, 2009 9:16pm
Price is definitely resisted around 89SMA (also see ellipse) and from here we will see the TC downside pattern later today.

Today's target: PW 1.4030

Bear will awaken again sooner...
Attached Image (click to enlarge)
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  • #127,170
  • Jul 30, 2009 9:19pm Jul 30, 2009 9:19pm
Quoting easy-forex
im in the redzone..i have shorts on @4091 and 4095...what to do...
Ha ha - no worry ,just let it burn your acc..then learn from it...no pain no gain..
  • #127,171
  • Jul 30, 2009 9:28pm Jul 30, 2009 9:28pm
Looking for SHORT entry somewhere here (ellipse)
Attached Image (click to enlarge)
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  • #127,172
  • Jul 30, 2009 9:54pm Jul 30, 2009 9:54pm
Quoting orangeRANGE
Looking for SHORT entry somewhere here (ellipse)
What is your target?

Thanks

TF
  • #127,173
  • Jul 30, 2009 10:25pm Jul 30, 2009 10:25pm
Quoting ak4x
Don't forget about the option arms and Alt A loans either...

Heavy weather ahead....
*L* yes.. my rants are getting shorter.. not enough will power to continue writing. so many problems and not enough time. credit cards another thing and dog craping on the rug..so many things ahead still unforseen. every action has a reaction..
those who can, do. those who cant, talk about those who can
  • #127,174
  • Jul 30, 2009 10:30pm Jul 30, 2009 10:30pm
Quoting TradeForexFx
What is your target?

Thanks

TF
Somewhere inside the rectangular...and not below the temporay TL (see arrow)...coz this line really chicken me out until now...
Attached Image (click to enlarge)
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  • #127,175
  • Jul 30, 2009 10:32pm Jul 30, 2009 10:32pm
Quoting orangeRANGE
Looking for SHORT entry somewhere here (ellipse)
very suspicious about the successof shorts at this present level.Apparently die hard bull win over the bear, stays over the reaction point of the previous diamond with successfull but incomplete BO 115 out of 170 expected ,though actual from top 301pips) at 1.4120. Now it has got support on H4 having ema 100,200 much below the price & in H1 just above it 1.4153 . so if it crosses this 1.4153 & stay above it is all up .
Again with the apparent failure of bear ,the prospect of the good bull set up also in ??about after 2 months of consolidation it may take more time to decide the direction ,failing bull ,failing bear ?? May not be this time , after breaking all up it can go through the 3rd impulse wave UP & UP 1.43 UP .
still 1.4153 not crossed yet & London open not so far for an small impulse to add on & blow all up for months .

I am out at this time , though do some scalping at times.Hope bear back home .



fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #127,176
  • Jul 30, 2009 10:39pm Jul 30, 2009 10:39pm
Quoting fontu
very suspicious about the successof shorts at this present level.Apparently die hard bull win over the bear, stays over the reaction point of the previous diamond with successfull but incomplete BO 115 out of 170 expected ,though actual from top 301pips) at 1.4120. Now it has got support on H4 having ema 100,200 much below the price & in H1 just above it 1.4153 . so if it crosses this 1.4153 & stay above it is all up .
Again with the apparent failure of bear ,the prospect of the good bull set up also in ??about after 2 months of consolidation it...
well said mate....but as per my H4...I still think it will be going back all the way down to 1.4030...more or less....

c ya...
  • #127,177
  • Jul 30, 2009 10:42pm Jul 30, 2009 10:42pm
Quoting Chicky
I think you should immediately warn Gator.

The last Camel I saw, rather rode was named "Aziz". He took me up to second Great Pyramid of Giza and I couldn't walk for fifteen minutes after getting off that lousy thing.
But one thing I noticed is their "thing" is inverted i.e. facing backward. People say whe it was being created ran away before getting their "thing" fixed in place, therefore creator had no option but to throw that "thing" after incomplete running away camel. It did got stuck, but unfortunately facing in wrong direction...
your supposed to rest and smoke a cigarete after camel ridding.



no 1 humped camels or 2 humped cammels were harmed during the making of this joke. camel or cammel hump jokes are for entertainment purposes only and should not be tried at home. professional camel/cammel humpers were used in this joke. dont try this at home.
those who can, do. those who cant, talk about those who can
  • #127,178
  • Jul 30, 2009 10:50pm Jul 30, 2009 10:50pm
Watch M1, someone defending 41265.
  • #127,179
  • Jul 30, 2009 10:57pm Jul 30, 2009 10:57pm
Quoting gatorinla
your supposed to rest and smoke a cigarete after camel ridding.



no 1 humped camels or 2 humped cammels were harmed during the making of this joke. camel or cammel hump jokes are for entertainment purposes only and should not be tried at home. professional camel/cammel humpers were used in this joke. dont try this at home.
I am on Nicotine Gum for last five days.

Camel formation is over. I am now trying to slide down upto top of its neck. As mentioned earlier, the whole length of the neck becomes a support and it takes days for the pa to come half way down to it's neck.

Take this seriously at your own risk. My job is just to show a different aspect and give people some mental stress. All views are assumptions any resemblance with facts would only be coincidental.
The Thief of Wall Street
  • #127,180
  • Jul 30, 2009 10:58pm Jul 30, 2009 10:58pm
Quoting sinner-
Watch M1, someone defending 41265.
i think it's the camel
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